Samsung tips record Q2 profits

Samsung Electronics expects operating profit for Q2 of 14 trillion won (around $12.1 billion), an increase of 72% from the same quarter last year. Sales were expected to rise by 18% to hit 60 trillion won, thanks to the company’s semi-conductor division and increasing global demand for memory chips.

Other big profit earners for the Korean tech giant were display panels and smartphones, particularly the new Galaxy S8. Samsung will release its final results later this month.